Consider the following statements: Statement I: A very strong US Dollar squeezes global credit. Statement II: Many countries and companies outside America borrow in US Dollars. Which of the following is correct in respect of the above statements?

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Economics · Economy

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Correct answer

Both Statement I and Statement II are correct and Statement II is the correct explanation for Statement I

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Answer 1

Statement I is incorrect but Statement II is correct

Answer 2

Statement I is correct but Statement II is incorrect

Answer 3

Both Statement I and Statement II are correct and Statement II is not the correct explanation for Statement I

Answer 4

Both Statement I and Statement II are correct and Statement II is the correct explanation for Statement I

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